Ex-broker Loses Appeal

October 15, 1985

A federal appeals court has affirmed the conviction of a former vice president of the defunct Stix & Co. brokerage who is serving a five-year prison sentence for lying to a grand jury. The 8th U.S. Court of Appeals rejected claims by Leonard Bednar that he was denied his right to view his pre-sentence report. A scheme to defraud the company of $16 million was uncovered in 1981.